Kyiv is identifying the types of economic activity that are most promising, innovative, and conducive to economic recovery, taking into account the conditions of martial law. This was reported by the Department of Economy and Investments of the Kyiv City State Administration.

This refers to smart specialization, an approach to urban development planning that focuses resources on unique industries and businesses with competitive advantages and the potential to drive the capital's recovery.

According to the Department, in 2019, Kyiv identified priority areas of industry and entrepreneurship whose development could contribute to the capital's economic growth. However, due to the war and its consequences for the city's economy, it became necessary to review these types of economic activity.

Updating the capital's smart specialization will promote innovative production, attract investment, create jobs, develop clusters and strengthen partnerships between government, business, science and the community.

To update Kyiv's smart specialization, the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine conducted a thorough analysis and identified a preliminary list of economic activities with the best prospects for development in Kyiv's economy, in particular, export, scientific and innovation potential.

The types of economic activity were analysed in terms of the number of enterprises and employees, wage costs, gross value added, exports of goods and services, patent activity data, and existing innovation infrastructure.

These sectors are:

• information and communication technologies;
• pharmaceuticals and biotechnology;
• smart industry;
• green economy;
• creative industries.

To identify priorities, challenges and prospects for the development of these priority areas, focus group meetings are planned with the participation of representatives of business, relevant higher education institutions and research institutes, stakeholders and the public.

The meetings will take place from 22 September to 3 October in the VCENTRI HUB public space at 51-B Volodymyrska Street. For more details, please visit: https://kyivcity.gov.ua/oholoshennia/pro_zasidannyakh_fokus-grup_z_fakhovogo_obgovorennya_napryamiv_prioritetiv_smartspetsializatsi_mista_kiyeva/.

The proposals and recommendations developed based on the results of the focus groups will be incorporated into the concept of a shared vision for the development of Kyiv and used in the development of a roadmap for its implementation.

Source: https://kyivcity.gov.ua/news/kiv_onovlyuye_svoyu_smartspetsializatsiyu_dlya_posilennya_ekonomichno_stiykosti/